India Investments

Microsoft Corp. said it plans to invest $1.7 billion and hire 3,000 additional people in India over the next four years, making it the latest in a line of foreign companies to pledge more than a billion dollars each to tap growth and talent in the subcontinent.
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Microsoft isn’t alone in its rapid expansion plans in India. This week, Intel Corp., the world’s largest chip maker, announced plans to invest more than $1 billion in India over the next five years. Meanwhile, in October, Internet-equipment maker Cisco Systems Inc. unveiled plans to invest $1.1 billion in India. Late last month, SemIndia Inc., a consortium of Indians living outside the country, said it planned to invest $3 billion to use Advanced Micro Devices Inc. technology to produce microprocessor chips here.

I’d really like to see what happens of all these big announcements…maybe there should be an annual audit of how much money actually comes in and how it is spent.